September 26, 2016 6:35 PM ET

Diversified Financial Services

Company Overview of Prosper Marketplace, Inc.

Company Overview

Prosper Marketplace, Inc., together with its subsidiaries, develops a peer-to-peer online credit marketplace in the United States. Its marketplace allows investor members to invest in unsecured consumer loans originated through the marketplace in an open and transparent marketplace aiming to profit financially, as well as socially. The company’s marketplace matches individuals who wish to obtain consumer loans with those who are willing to help fund those loans. Its marketplace also offers fixed rate, amortizing, and unsecured consumer loans to accredited and institutional investors, as well as issues notes. In addition, the company operates a cloud-based patient financing company for health...

221 Main Street

3rd Floor

San Francisco, CA 94105

United States

Founded in 2005

583 Employees

Phone:

415-593-5400

Key Executives for Prosper Marketplace, Inc.

Chief Executive Officer and Director
Age: 43
President
Age: 51
Executive Chairman
Age: 70
Chief Financial Officer
Chief Product Officer
Compensation as of Fiscal Year 2016.

Prosper Marketplace, Inc. Key Developments

Prosper Marketplace, Inc. Presents at 22nd Annual ABS East Conference, Sep-19-2016 02:00 PM

Prosper Marketplace, Inc. Presents at 22nd Annual ABS East Conference, Sep-19-2016 02:00 PM. Venue: Fontainebleau Miami Beach, 4441 Collins Avenue, Miami Beach, FL 33140, United States. Speakers: David Kimball, Chief Financial Officer.

Prosper Marketplace Announces Earnings Results for the Second Quarter 2016

Prosper Marketplace announced earnings results for the second quarter 2016. For the quarter the company reported a $35 million loss in the second quarter. Operating revenues plunged to $27.1 million during the second quarter - more than 50% lower than they were during the first quarter, and 44% lower than during the second quarter of 2015. The company's net loss of $35 million compared with a loss of $17.5 million in the first quarter and a $6 million loss in the second quarter of 2015.

Online Lender Prosper In Talks On Loan-Buying Deal

Online lender Prosper Marketplace, Inc. is in advanced talks with a group of investment firms to sell them roughly $5 billion worth of loans over the next two years.

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